#CryptoScamSurge

There's been a *21% surge* in crypto scams and hacks in 2024, with losses reaching a staggering $2.2 billion. This rise is largely due to the growing popularity of cryptocurrency, which has attracted cybercriminals. The most common types of scams include *phishing*, *private key breaches*, and *smart contract exploits*.

Some major hacks in 2024 include ¹:

- *WazirX Hack*: $235 million stolen due to a system compromise

- *DMM Hack*: $305 million loss due to smart contract vulnerabilities

- *PlayDapp Breach*: $290 million siphoned by attackers

To protect yourself, use *hardware wallets*, enable *two-factor authentication*, and be cautious of *unsolicited offers* and *"too-good-to-be-true" returns*. Staying informed and vigilant is key to navigating the crypto landscape safely ² ³.